Nearly 30% of Vietnam vehicles to be electric by 2030

Workers assemble electric cars at a Vinfast factory in Hai Phong, Vietnam, on Sept. 29, 2023. Vietnamese automaker VinFast just can’t sell enough cars, so it's hoping its tiniest and cheapest car yet - a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 - will become Vietnam's "national car" and win over consumers in Asian markets. (AP Photo/Hau Dinh)

HANOI: The Transport Ministry has set a target that 30% of cars and 22% of motorbikes will be powered by electricity by 2030.

This is one of the solutions to achieve the goal of reducing 5.9% of greenhouse gas emissions in the transport sector under a plan issued by the ministry recently.

Reviews will be carried out to amend the national technical standards for automobiles with updated regulations for electric vehicles (EVs).

The ministry will develop a circular regulating the classification of road vehicles, signs to identify vehicles using clean, green and environmentally friendly energy, together with the issuance of standards for roadside rest stops, including regulations on charging stations.

Studies will also be carried out to develop the charging infrastructure system and integrate into the road transport infrastructure planning for 2021-30 period with a vision to 2050.

The ministry will also look at mechanisms for exchanging and offsetting carbon credits for projects which convert from fossil fuel vehicles to EVs.

Under the plan, the ministry also set a target that there will be 623 compressed natural gas buses by 2030, with 423 in Ho Chi Minh City and 200 in Hanoi.

In addition, 100% of road vehicles will use biofuel by 2030. — Viet Nam News/ANN